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Use the following to answer the given question \(\begin{array}{c|c} N \\ \hline sales ...

Use the following to answer the given question
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \text{Closing sock} & 30,000 \\ Expenses & 15,000 \\ \text{Fixed assets} & 40,000 \\ Debtors & 10,000 \\ Creditors & 5,000 \\ Purchases & 25,000 \end{array}\)
Current ratio is
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  • A 16 : 1
  • B 15 : 1
  • C 8 : 1
  • D 2 : 1
  • E 0.5 : 1
Correct Answer: Option C
Explanation:

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